Do rising rates mean now is the time for active investing?

Active managers have faced a range of challenges over the past decade. Fortunately, these challenges have changed into potential opportunities in which they may thrive. The global economy is changing and trends are shifting, providing a favourable environment for active managers. Between the Global Financial Crisis and Russia’s invasion of Ukraine, interest rates, inflation and bond yields were low. This benefited borrowers and growth stocks, particularly those in the tech industry. Over the past few years, interest rates have been hiked to a more ‘normal’ level, increasing borrowing costs and...